El Salvador today marked the launch of Lava Pool, the country's first Bitcoin mining pool powered by renewable geothermal energy. The venture, which is a collaboration between energy company Volcano Energy and technology company Luxor Technology, is the country's first attempt to harness the abundance of renewable geothermal energy for crypto mining. According to a press release, the Lava Pool will be managed by Volcano Energy, a public-private partnership that has pledged to give 23% of its net revenues to the Salvadoran government. The group will benefit from Luxor's Hashrate Forward Marketplace, which offers hedging strategies to protect against market volatility—a mechanism that has been adopted by leading players in the Bitcoin mining market.CSO Volcano Energy , Gerson Martinez, highlighted the importance of this project, stating that it is a clear manifestation of El Salvador's pioneering role in the Bitcoin ecosystem. The move underscores the country's ongoing efforts to incorporate Bitcoin into its energy infrastructure—a strategy that could significantly improve the economics of new energy projects, particularly in remote areas, provide immediate revenue and offer flexible load management capabilities to support the power grid during peak periods. demands or stress#Bitcoin#Crypto#Elsalvador#Mining

October is generally considered a very bullish month for cryptocurrencies. That's why many crypto fans call it an 'Uptober'. After rebounding 3.94% in September, BTC against USD is up 2.1% since the start of October. The following chart shows that the price is battling the 200-day moving average after facing heavy rejection earlier in the week. To get a better idea of ​​Bitcoin price predictions, let's analyze the price on a higher timeframe. The daily chart shows that the price has broken down after forming a rising wedge pattern. If price gains strength above the 200 MA, I expect a retest of the bottom of the wedge from the downside. This gives us an estimated bullish target of $30,500. #Bitcoin